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Search Results 0 to 49 of about 69 (some duplicates have been removed)
," washington. >> tom: if richard cordray is confirmed, part of his job will be checking the books of big banks. we'll get a better idea of how they're doing in the coming days when many report quarterly earnings. by the end of this week, 40% of financial firms in the s&p 500 will have reported their numbers. as a group, the results are expected to be downright awful. erika miller reports. >> reporter: banks are the heartbeat of the economy, so their health is often used as a barometer of the recovery-- and the stock market. unfortunately for investors, bank analyst jim sinegal sees plenty of uncertainties ahead. >> in addition to macroeconomic uncertainties, with unemployment high, with g.d.p. growth slow, will the banks be able to add new loans? that's number one. number two is the regulatory uncertainty. we are still not sure where capital levels are going to fall out, and how that's going to affect profitability. >> reporter: as for profitability, diversified financials are expected to be the worst performer this earnings season-- down 94%. this is the group that includes bank of america, j
place over here in the uk. this is one division that has the big question mark over it, the publishing division, $997 million in 2010, 22% of operating income for the company. we have "the wall street journal" front cover, they purchased that for $5 billion. you have $200 million coming from the uk. not a game changer but whether this spills over into the other businesses that rupert murdoch owns. the next division, u.s. broadcast networks, they have about 37% penetration into u.s. house holds, this represents 9% of the bottom line, $409 million they have, tv stations scattered throughout the united states, again, does it spill over because of reputation? right now analysts we spoke to on wall street say not just yet, last division here, sky italia here, scott mockridge, it represents 4% of the operation, not a game changer but feeds in. bskyb would have brought in 15% of earnings per share in 2012 if the deal would have gone through, been held off for 12 to 18 months and it may not happen at all. you take a step back from all the numbers i hoad you, $636 million loss, about 14% of the
on the fate of europe's economies. there are plenty that want to and the stranglehold of the big three. >> is not good when the entire world is being governed by three american companies. it would be better if there were more competition. and i would be very keen to see european and asian agencies as well. the situation as it is now is not healthy and we must put and intellect. -- an end to it. >> european lawmakers helped create that unhealthy situation. the european union strengthen the role of credit agencies when it adopted the international banking agreement. the question the wisdom of that move. he helped lay the foundation for the single european currency while at the european commission. he is analyzing the efforts to save the ural -- euro. >> if they are a minimum requirement, the agencies would not be so powerful. >> they are supposed to make the banking system more stable. somehow the people that rate it see things? a small independent ratings agency believes the government should enact increased competition. >> the problem have right now is the regulatory framework lead to
of the new session, the big numbers, the nonfarm payrolls out friday. i think the data that more people watch around the world's financial markets than anything else. economists we have been speaking to forecast a gain of 125,000 jobs, plus 125,000 jobs in the month of june. however, that is not enough, because the consensus is that under the present circumstances the united states economy needs to create 150,000 to 200,000 jobs every months, and that's just to keep pace with population growth. so demographics, demographics, demographics. let's look at where the u.s. futures stand in the pre-market action. slightly mixed. broader market off a bit. but the good news is both the dow and the nasdaq are looking right now for gains of around about a tenth of 1%. andrew? >>> now, top u.s. politicians gathered at the white house trying to beat a looming deadline to raise the nation's borrowing limb. but it's hardly a meeting of minds. and nasa is fueling up "atlantis," hoping to launch the final shuttle flight in a few hours from now. but there's one thing that could still get in the way. welcome. i
and those three-month lows for the euro so pretty bleak picture. >>> at the united states a big sell-off on wall street. major averages tumbled, major worries. financial and technology shares were among the biggest losers on monday, bank of america, citigroup, jpmorgan chase and wells fargo all closed roughly 3.5 to 5.5% lower, so really this is touching off fears of a broader financial crisis and don't let's forget the whole situation of the biggest slowdown in the world economy since the 1930s started with the financial crisis and now the worry is with he might go there again. at the close of the play there were triple digit losses for the dow, nasdaq, each closed roughly 2%. painful, pauline. >> let's look at the stock market futures and trading session in the u.s., it's right across the board as well, here's where the u.s. futures stand in premarket action the dow poised to open down by almost 1%, about the same amount for the nasdaq. the nasdaq ended monday's session down 2%, so that's not good news there. also the s&p 500 poised to start the session on tuesday down by 1.25%. we
. these are big proximate but we're a big country and we'll solve it. >> reporter: now, the main issue he's going to have to teal with is why he decided to hire andy colson who was later arrested as part of the investigation into the phone hacking. this is something that was brought up yesterday in the hearings and it turns out that his chief of staff actually warned the british police not to brief the prime minister on these phone hacking issues. lawmakers today are clearly going to try to get to the bottom of this as you can imagine from the opposition labor party. >> david cameron said he didn't know about this either. thanks so much. >> it's going to be hard to top the intensity of what happened yesterday. the theater of yesterday's phone hacking hearings. two hours after telling parliament it was the most hufble day of his life, rupert murdoch took a pie in the face. a 26-year-old man armed with a pie full of shaving cream nails rupert murdoch from behind saying you greedy billionaire and it didn't take long for murdoch's wife there, leapt to her husband's defense. she tried to clock the guy
, this backup plan could be left as the last option standing. but the big question is always, wolf, will it pass the house? can it pass the house? and this seems to be another example of just how divided the republican party is on this issue. >> yeah, it's a huge, huge division right now. going forward, this debate, we'll see what happens. kate, thanks very much. let's check in with jack right now. he's got the "cafferty file." >> despite that nasty game of chicken going on in washington over raising the debt ceiling. congressional leaders in both parties pretty much agree that doing it is going to be necessary. the argument is over what else goes into the bill that's tying them up and bringing the country dangerously close to defaulting on some of our loans. according to a new poll, 40% do not want the debt ceiling raised and they want their members of congress to vote against any measures that raise it. only 22% want their lawmakers to vote for raising the debt ceiling. and more than 1/3 of americans say they're just not sure. when asked which is a greater concern, 51% say raising the debt cei
having that takeover. it would not have been legally binding, but a big slap in the face. before that debate in the building behind me was about to get under way, the news core itself announced that they were holding their hands up and saying, look, we're not going to go ahead with this. an amazing u-turn from murdoch in the face of unprecedented. they said it's a victory for people up and down the land. they are all relieved for the minute that they don't have to make that decision in government, because that was going to be a very awkward moment when they had to decide one way or the other whether that could be approved. that has been taken off the table. the story is not over, though. the police investigation continues. there may be more arrests and maybe more fallout and maybe more allegations, and it's a global story now. there's talk about, you know, looking at whether they hacked into victim's of 9/11 in the u.s., and threats from a u.s. senator, jay rockefeller as well, and there is not confined to the uk now. >> the whole reason this broke is because of the voice mail th
on energy prices. by the way, there was a big argument on at in "the economist." what has happened is, information technology greatly increase liquidity has transformed that. there is not a consensus within the financial pages that people talk about the impact of speculation. it is a given. republicans are trying to keep them from doing anything about speculation. those are the had on a tax that we have. there is a more subtle one, this attack on a risk retention. i believe that risk retention is the single most important piece of this bill. you know, the response when we used to say there was a problem, what was supposed to be the substitute for risk retention -- the rating agencies. the rating agencies were the ones. you did not need to have the latter worry about this because you could go ask the rating region -- agencies. now, the rating agencies are trying to overdo it. the people who told us that subprime loans were good are now telling us that it is not good. i think they were wrong in both times. that is one of the things that i really wanted to address now. it does of all me
for the tabloids. host: what about the broadsheets? guest: it is known occasionally. there was a big scandal about mp's expenses last year, which came from information that is the voice of -- information that is the will serve and got on a computer disk. my newspaper paid for that because they thought it was in the public interest. that is a rare instance of a broadsheet paper paying for information. for the tabloids, we call it checkbook journalism. salacious information about a night out on the town with a celebrity or pop star or encounters with celebrities. that culture has grown and become more insidious over the past 20 or 30 years. host: how would you describe, to help put it in perspective -- by the way, we will put the numbers on the screen as we continue this conversation about the phone hacking investigation in the u.k. prime minister cameron spoke this morning at a problem about it and we carry that live on c- span -- spoke this morning in parliament about it and we carry that live on c-span2. we carry rupert murdoch and rebekah brooks yesterday and we will speak about that. how do you
and taking on the big issues. and that he called on the group to take on this challenge and then called the meeting to an end. no matter how you read that, it's clearly an increase in tensions on day three of these debt negotiations. with no sign of real progress with the clock ticking. and i do have it confirmed that this president really did say, you know, with my presidency at stake, i will not yield on this issue. >> the longer the deadlock goes on, the more the world is beginning to worry. moody's put america's credit rating under review on wednesday, hinting at a possible downgrade. that follows similar action from the other two big ratings agencies, standard & poors as well as another agency. >>> ben bernanke warned that congressional lawmakers and he warned them what could happen if they run out of time. >> fairly soon after that date, there would have to be significant cuts in social security, medicare, military pay or some combination of those in order to avoid borrowing more money. if in fact, we ended up defaulting on the debt, or even if we didn't, i think it's possible tha
our fiscal house in order, they say, and they want big spending cuts in exchange for raising the debt ceiling. i will say, though, house republican leaders, they seem to at least be publicly more open to the idea. john boehner, the house speaker, even saying yesterday that he thinks mitch mcconnell has done very good work. we've also heard from some democrats, suzanne, that they seem to be open to the idea as well. one important point to make. while this doesn't require spending cuts, this mcconnell plan does have a catch. it would force very politically tough votes ahead of the 2012 election that republicans opposed to the debt ceiling could be on the record opposing, and also it's designed to then put the full responsibility of raising this debt ceiling of this new debt right in the lap of the president. there is some planning there. >> kate, how much do you understand what's going on here? obviously you've got the president, you have democrats, you have republicans, but republicans are even divided amongst themselves in this debate and it seems like there is a rift now between john
money for a tiny wheel, about this big, the onus is on the defense department to get these costs under control. i do not think congress will just let them come especially with the budget coming down, looked the other way. host: megan scully with "national journal." and the piece is called "the pentagon premium." thank you for joining us. we will be back at 7:00 a.m. we go to the floor of the house of representatives. continue beyond 11:50 a.m. the chair recognizes the gentleman from oregon, mr. blumenauer, for five minutes. mr. blumenauer: we begin another week in political wonderland. the dow falls 100 points at the opening bell. what is it that we should do? well, if we had the knowledge and problem solving skills of college sophomore economic students or women in a church study group, before the week is out we would establish some simple steps. first, we would understand that in a divided government with real economic challenges no one group is allowed especially those representing a minority of opinion to have their way entirely. we would begin by repealing the silly debt ceiling
with the pie. [unintelligible] host: do you think that this is a big deal at all? in aer: in a way, yes, and a way, no. he is a nice man, but he is too old. it takes a man that this young to do something like that host: do you think you could run all of those companies? caller: me? i am a painter. host: i know. i have your painting in my office. caller: my wife is looking at me and telling me to tell you good morning. host: good morning. send me your e-mail address and i will send you a picture of it in profit -- in my office. caller: listen, my wife's birthday is tomorrow, she turned 81. host: that is right. you married an older woman. mr. peterson, you enjoy that heat wave in texas. we have got to get moving. we appreciate it. this would message, regarding the phone hacking scandal -- host: mike is a republican in arizona. hello. caller: i can see this going on in great britain, i guess the police are involved. but then they are doing it for us in the same manner. scanning e-mails, looking for certain words and what ever. i do not see any difference. i mean, they are exchanging inform
progress on a major sticking point during marathon talks. but other big issues are still unresolved. >>> president obama gave congressional leaders until saturday to reach a solution for the federal debt. the president will host a news conference at 11:00 a.m. eastern time today and abc news will have live coverage. >>> and minnesota's governor has a tentative budget agreement with state lawmakers. a $5 billion deficit for state offices and services to close down earlier this month. >>> and finally it is that time again. our, ready, favorite story of the day. it's the tale of a love letter that took more than half a century to get to its recipient. >> it was recently found in the mail room of a university outside pittsburgh. and that's when the workers there went into action. here's wtae's michelle wright. >> reporter: the mystery in the mail room had the whole campus buzzing. a letter postmarked february 1958 had finally arrived. but how was mailil room supervir connie morris gointo track him down from 53 years ago? it was signed "forever, vonnie." there were few other clues. clark
boehner and president obama are still in contact. they are still working towards an agreement. big stumbling block, taxes still in the way, martin. >> i should explain, mike, that you're inside because there's a lot of rain outside the white house today. >> another major storm, that's right. >> absolutely. >> thanks so much. >> well, now that he's walked out of debt talks with vice president biden, taken a fight to president obama and clashed with speaker boehner, is there any compromise that will sit with house majority leader eric cantor? nbc's luke russert is covering that. republicans, what are they willing to sacrifice in order to reach an agreement? got a copy of the "washington post" which liberally quotes you, but have you been able to get an answer to your question yet? >> reporter: no, and they offer two explanations as to why, martin. number one, they say that a concession republicans are making is just in fact allowing the debt ceiling to go up because that's something that's so unpopular within the house republican caucus. the popular sentiment here in washington, d.c.
in touch with mr. watson but not mr. bryant's big and presenting your committee, "the guardian" or anyone else? >> anyone who is holding material, which clearly people are, from the amounts of media coverage, and there's been some species are you surprised any of these names that are coming out, or do know these names? for example, the gordon brown issue. >> now, i am aware of them. >> mark reckless. [inaudible] holding material because of the stories coming out, is at least another theoretical possibility as stores are being sourced from within the metropolitan police? >> i'm sorry, i don't follow your. >> could it not be the opposite, whether paid or otherwise information, rather than necessary being the place that the media outlets already have it? [inaudible] >> well, we always, we will always be accused of that. i can say with absolute confidence, because i know what's been there. for instance, when there was speculation around victims of 77 bombings, we did not know that they were contained within our material. >> thank you for the answer that i wasn't accusing. >> is a natural thin
a big prize from the failure of the takeover. bskyb's share prices falling around 20% over the past nine days. taking away almost 3 billion pounds from the value of the company. what has rupert murdoch lost? >> this is a once-in-a-lifetime opportunity to acquire 100% of the business which is extraordinarily good prospects, which has a growth trajectory which is well understood. it would have substantially increased the size of the company from around 20% to 25%. >> we may think mr. murdoch is big in the u.k., but he is much bigger in the u.s. the worry for him is that u.s. senators are now on his days following the accusation that 9/11 victims and other families phones or hacked. >> if that is true and if there was any access to any of the victims records, then, you know, in my mind, it would probably be the most invasive and perverse information in's the final moments of their lives and a tremendous innovation to their families as well. >> 1989, the dawn of television's new age. >> mr. murdoch would see himself, rightly many would say, as the founder of bskyb. so to be told by politicia
and syria made a big difference last week when he went to the city of hama during mass demonstrations there. he used human shields according to some, and triggered the embassy attack. >> secretary clinton's message was the strongest by far but that the united states has sent, but it still fell short of calling him to step down. it is a constellate very difficult to get out of. president assad must know that the president -- that the united states will be wary of him in syria. >> the scale of the uk phone hacking scandal is enhanced by new evidence that shows that security for queen elizabeth and other members of the royal family has been put risk. if the bbc has learned that according to company e-mails, the news of the work was paying of royal protection officer for information. there was a director of royal contacts, including royal household staff. four other developments, they tried to obtain details of the former prime minister gordon brown's finances, and that the newspaper tried to access medical information about one of his children culminated an act rupert murdoch's bid for b sky b
of the most powerful yet controversial characters in afghanistan. this is seen as a big blow to the fragile security in the southern kandahar area. people have killed four people in northwest italy. a human rights groups said that four were killed when the troops attack villages in the region. an iranian man was arrested at bangkok international airport as he attempted to smuggle $1.6 million worth of methamphetamine into the country. the drug had been disguised as a work of art weighing up to 10 kilos each. another day of high drama of the phone hacking scandal. every minute something new is happening. news corp. has withdrawn its controversial bid for a full takeover of the british broadcaster bskyb. this came shortly before the british parliament began a debate on the phone hacking scandal. >> rupert murdoch's in the news for the wrong reasons. this is one of the great humiliations' for his career. "we believe that the proposed acquisition of bskyb would benefit both companies. it is too difficult to progress in this climate." there was protests inside and outside of the deal. >> i have
know we need revenues if we want a big package to solve the deal. now, if it turns out that the other side won't budge on anything, then we're going to be here every day until we get this done. >> senator mcconnell's proposal we mentioned brieflily at the top came after he sat down with the president. what do the white house and other leaders saying about it this morning? >> well, there's a sense of relief. you can almost feel it all across washington today, erica. because senator mcconnell's proposal would help them step back from the brink. the president's spokesperson jay carney said yesterday that default is not an option and they said some positive things about senator mcconnell's proposal. so everyone today is debating that proposal, but there is a sense that it lets some of the pressure off and may help the country avoid default. >> so in some ways, it seems to let some of the pressure off politically because even though the president told you it's time to set politics aside, neither party wants to be the one that causes the u.s. to default. you say a sense of relief. does it s
, south carolina, utah and i am leaving out north carolina and illinois because those are the big jackpot states with a really driving party potential for gain. than i have a question mark as far as which party is going to gain a seat or lose a seat and it could be a fair fight in states like iowa, new jersey and arizona are go but i'm sure the five states we'll be talking a lot about this morning and i will stop short in going on depth in this are illinois and north carolina which are opportunities for partisan capitalization on this redistricting. illinois for democrats picking up potential a five or six seats or four or five seats republicans losing five or six and illinois. north carolina where i put republican gains have possibly three seats be the -- depending on the legal challenge to the mass republicans are proposing and then california where he think democrats at the end of the day will probably pick up two or three seats as a result of the entangling of california's uncompetitive line at the moment. texas where i expect republicans netting two seats depending on the legal chall
, including visa, master card and sony. bill: this is about as big as it gets, awaiting a critical vote on that $14 trillion debt. house republicans will go ahead today and vote on the cut cap and balance plan. democrats have railed against the tea party backed proposal. it would cut $111 billion by 2012. gradually cap government spending, and one of the biggest points of discuss, it add a constitutional amendment requiring a balanced federal budget. that would have to pass before raising the nation's debt ceiling an additional $2 trillion. we'll talk to chris van hollen. he says he's against that plan. we'll find out what he's for, minutes away. jamie: severe weather gripping parts of the country. one storm system dumping 15 inches of rain flooding streets and highways and a few buildings near new orleans. >> in 20 years i have lived here this is the worst on this side of the street. >> we can only drain one inch at a time and if you do the math we can't keep up with it. jamie: the mississippi valley and the midwest say 15 deaths in the past week can be blamed on heat. temperatures exp
the prime minister agree that in the past when the house of commons has been faced with big issues that they have a tendency for knee-jerk overreactions? would you agree that newspapers are a force for good in this country and we need criminality weeded out of the media but not impose on a free speech or prepress? >> my hon. friend is entirely right. we need to make sure as the house of commons, as the government, in the debate that we have to show an element of restraint in regulation of the media because there's always a danger that the pendulum will swing too far the other way and we threaten investigative journalism, a strong and independent media that can hold government to account. when we consider some of the scandals that have been uncovered, it is often the press that does this. it is absolutely vital to maintain their british tradition. >> rebekah brooks described the prime minister as a friend and neighbor. we heard about christmas walks and conversations. >> order. this is the moment in parliament where we have a free speech. this question will be heard. that is the end
such a big hit already, it probably won't make that much difference to the public standing, the public in which they find themselves. >> so what do you think really was the overriding factor here? is it a moral decision, media decision, or business decision? >> well, it's obviously a business decision, clearly. but i think other things come into it, and we don't know, we can't be party to the discussions and internal investigations that have gone on. she was editor of "news of the world" during the period in which some of the worst examples of hacking, the hacking into milly dowler, the 7/7 bomb victims' phones, and in view of that, that revelation itself should have led to her resignation. it's possible she's resigned a couple of times, it's been rejected, and finally, perhaps on the third occasion, murdoch and his advisors decided, ok, fair enough, it's time she went. >> it's strange, though, isn't it? just a few days ago, speaking to "news of the world" journalists, she said they would understand why the newspaper had to close, because she was privy to information that was going to
was apparently trying to do, get a big deal in a balanced way. so, that's the good news. again, the details still have to come out and senator durbin, a member of the gang of six said yesterday, they don't have legislative language. the question is, you know, what can be done between now and august 2nd, if anything with the plan or do we need to continue to proceed with a back-up plan, plan b. >> chris, i was going to ask earlier, last hour to steve rattner who was here and suggested if the plan were to go forward, there would have to be a month or two month extension to allow the committee chairman and chairwoman in the house and senate to do their business. this would be the most dramatic reform of entitlement since the reagan era. there would have to be an extension of time for the debt ceiling, would there not? >> i think it's right. we would have to work out some interim arrangement to proceed down that road. again, exactly what the time line would be and that question would remain to be seen. the good news is this provides some additional momentum to the idea of getting something big done.
. >> so things like use of petty cash -- that could be quite big sums of money or small -- at the moment you just record that the journalist gave it to somebody. >> yes, and i don't have direct knowledge of all of those arrangements. >> i was going to ask if payments could have been made to family members of those alleged to have been hacked and similar, but is it possible that other forms of remuneration can be used in your company apart from cash and bank transfers? i am talking of things like travelers checks, vouchers and things that can be redeemed for cash. >> i don't have knowledge of that. >> just looking at some of your corporate governance -- page 2 and page 4 of your own code -- it mentions directors, employees and officers of news corporation acting to the principles set forth, including consultants, agents, suppliers and business partners adhering to the standards. it says, "we may never ask a third party to perform any act that would violate these standards." can you tell me a little bit more, especially on the financial side, how you, as an organization, try and make that
. they were not told. is it not there? he did exactly what they should not do. >> he makes a very big point. when you see what he said, he saw that it was cleared in advance. we do not live in a country or the prime minister's ordering who should be arrested. >> he made a statement on monday. there were two words that were not mentioned. we were not in a situation where his best buddy was working for us. did he know that neil wallace was giving advice? >> no. . i did not know that. i was unaware of that. i think this is important. one of the issues is the transparency and information that there was. there was no hiding the fact that they had this. >> i want to thank you for the announcement. he has said that all governments have been far too close to the media giants. that means no more back door living to no. 10. there are cabinet papers. there are recommendations for it to be implemented. >> i accept the plea make about transparency. there are of official business meetings with media executives. with relation, the fact is not whether he came in through the back or front door, but was it d
the website, you can keep an eye on the big media stories in the watch list section and also go behind the scenes, always very interesting stuff on our website. check it out, foxnews.com/fox news watch. up next, more on the news of the world phone hacking scandal. until i see smoke. so pantene said, "breakage and split ends? no problem." they gave me this pantene called bakage to strength. [ female announcer ] the keratin protection pro-v system helps prevent then repair split ends. zero fear of breakage, 100% more strength. no regrets, just health. i'm not giving up the heat. [ female announcer ] the breakage to strength system from pantene. you know that comes with a private island. really? no. it comes with a hat. you see, airline credit cards promise flights for 25,00miles, but... [ man ] there's never any seats for ,000 miles. frustrating, isn't it? but that won't happen with the capital one venture card. you can book any airline anytime. hey, i just said that. after all, isn't traveling hard enough? ow. [ male announcer ] to get the flights you want, sign up for a venture card at
for a break, but first, check out the website, you can keep an eye on the big media stories in the watch list section and also go behind the scenes, always very interesting stuff on our website. check it out, foxnews.com/fox [ male announcer ] from nutritional science comes centrum. with vitamins and minerals balanced to support your energy... ♪ ...and healthy skin. everyday benefits from advanced formulas. discover the complete benefits of centrum. [ female announce] something unexpected to the world of multigrain... taste. ♪ delicious pringles multigrain. with a variety of flavors, multigrain pops with pringles. vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. autonsurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. ben your lega. get an auto insurance quote. u.s.a.a. we know what it means to serve. >> if this story stops at news of the world, justice has not have been done. just in my reporting to this piece, i took to public
disaffected members of his own party. there's no big mechanism, no easy mechanism for ousting him. so andy has e advantage of the holiday. all of this will have time to cooldown. ed milleband, he's right, he's made good progress, but the polls show that although there's been a kind of windy-danging to the tories, the labor has not picked up. the lib-dems, doing badly until now, have gained a little bit. people are not convinced by milleband. i think the relations between the parties remain pretty much unchanged, but ihink these problems have not gone away for cameron, they've just gone io the slightly longer grass, because the police now have until the fall to decide, for example, whether to lay charges. sohat could happen is that all of this could come back with a vengeance around the time of the annual party conferences. >> let's just break this into parts, charlie. the first , david cameron's short-term problem. and that is this question that his error of judgment in hiring mr. coulson. now, until this affair really broke, you could argue that david cameron led the strongest government in w
and they are also likely to discuss italy. italy is becoming a big worry. the interest rates italians have to pay soared. the 5.5%ly short of mark, where it starts to put pressure on the economy. also, the market's focus on the u.s. debt worries. they have not reached an agreement. have until the beginning of august when the u.s. economy runs out of money. >> $14.3 trillion. >> unbelievable. >> thank you. we want to hear what you think. get in touch with us at gmt. you can do that via our website, bbc.com/news. you can also learn more about how we put the program together. you'll also find links to our facebook and twitter pages. our top story -- a series of huge explosions have torn through the main greek naval base in cyprus, killing at least 12 people and injuring more than 30. the blast at zygi was triggered by a fire at a munitions storage. the impact of the blast was felt more than 3 kilometers away. that is all for the moment. stay with us on "bbc world news." there is more to come. >> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation
Search Results 0 to 49 of about 69 (some duplicates have been removed)